How I Made $2,000,000 In the Stock Market
A Wall Street Classic, the Darvas System for Stock Market Profits
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Before emigrating to America, Darvas studied economics at the University of Budapest. Arriving in the US in 1951, Darvas trained with his half-sister, Julia, to be a ballroom dancer, becoming extremely successful & touring the world by 1956. He discovered investing in 1952, when a Toronto nightclub, unable to pay him in cash, instead paid him with shares. It was on a two-year tour of the world that he initially developed his 'Darvas Box' method of screening stocks, a method of picking stocks based on the stock's price & volume, later going on to refine this to remove any human element from his trading to substantial success. Nicolas Darvas is regarded as one of the best traders in the history of the market & his method, whilst complicated and difficult to master, has been rigorously tested and has been found to be one of the best trading systems yet developed. It is a first hand account of how Nicolas Darvas did this in the space of about 2 years.
This was a great book. His first dealings with the stock market was exactly what I had been going thru. I learned a great deal from his mistakes.
Don't buy this one...
There is no doubt in my mind that the author made a lot of money trading the markets but the rules and approach shared is too discretionary to replicate. There are a lot of better books out there. Look for those that actually provide you with an edge.
It was a very good insight into his mind and the way he writes with his thoughts out in the open makes me not stop reading. He describes his mistakes and also every trade and company he bought and sold stock from. I recommend this book!
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- Category: Business & Personal Finance
- Published: Jan 04, 2012
- Publisher: Lulu.com
- Seller: Lulu Enterprises, Inc.
- Print Length: 165 Pages
- Language: English